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US economic activity, employment little changed in recent weeks, Fed says
The Federal Reserve's Beige Book shows stagnant economic activity with moderate price rises and hesitant hiring as policymakers consider rate cuts amid tariff-driven inflation pressures.
- The Federal Reserve released its Beige Book on September 3, reporting mostly little or no change in U.S. economic activity and employment in recent weeks.
- The report highlighted economic uncertainty, tariff-related price increases, and strains on household budgets as factors dampening hiring and spending across districts.
- Labor market conditions were subdued with several businesses hesitant to hire, some reducing headcount through attrition, and labor shortages persisting in sectors like construction and manufacturing.
- In August, Federal Reserve Chair Jerome Powell indicated that stable labor market conditions support a cautious approach, suggesting the central bank is likely to implement a modest rate reduction of 0.25 percentage points at the September 16-17 meeting.
- The mixed data and economic caution suggest the Fed will lower rates cautiously, amid ongoing pressures from tariffs and political tensions over Fed independence and leadership.
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Firms 'hesitant' to hire in uncertain economy: Fed survey
NEW YORK, United States – Businesses in several regions of the United States were reluctant to hire workers in August because of uncertainty over the economic outlook, a Federal Reserve report said Wednesday. While 11 of 12 Fed districts described “little or no” net change in employment compared with the prior month, seven districts described firms as “hesitant,” with two districts reporting a rise in layoffs, according to the central bank’s “Be…
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Activity is slowing down in the United States and prices continue to rise. The Fed notes that households and businesses are beginning to curb their spending.
Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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